January 24

Avanse Financial Bags $98.3 Million Funding From Kedaara Capital

Education-focused non-banking financial company (NBFC) Avanse Financial is going to raise $98.3 Mn (INR 800 Cr) from private equity firm Kedaara Capital to fund its growth.

Avanse will use the funds to expand its presence and offer more credit to Indian students, in turn, helping them fulfill their academic aspirations. It will also deploy funds for product development and integrate digital solutions, shared by the startup.

Source: Inc42 (link opens in a new window)

Finance, Investing
digital inclusion, impact investing, startups